Will Credit Card Companies Lower Interest Rate If You Ask? From credit cards to credit lines, it never hurts to ask for a lower rate. … Asking for a lower rate isn’t likely to work if you rarely ever carry a balance. Rather, this strategy is reserved for those who have a lot of debt,
Can You Take A HELOC On A Rental Property? Getting a HELOC on a rental property is possible, although lender requirements are usually stricter than with owner-occupied property. Funds from a HELOC can be used for a variety of purposes, such as making improvements, building additional rentable square footage, or as a down payment for
Is It Better To Pay Off Mortgage With Line Of Credit? Answer 1: As with any debt, pay off the one with the highest interest first. Mortgages tend to have unfavourable interest and compounding structure, making them the better bet to pay down first. Lines of credit have more simple interest calculations, making them easier
Is A Car Lease Revolving Credit Or Closed End Credit? Explanation: Revolving credit is credit that is automatically renewed as debts are paid off. Close-end credit should be paid in full at the end of every term such as car loans and mortgage lending, the loans are to be closed-out when the term agreement is